BANK-WISE
Bank of Baroda (BoB)
Bank of Baroda Unveils 'bob Women Sapphire' Account and Secures $500 Million Global Loan
Bank of Baroda (BoB) has launched the 'bob Women Sapphire Savings Account', tailored for women with a Monthly Average Balance (MAB) requirement of ₹1 lakh.
The account offers a unique health benefit: ₹10 lakh cancer care coverage for women aged 18 to 60 years.
Simultaneously, the bank raised a USD 500 million five-year syndicated term loan via its IFSC Banking Unit in GIFT City, Gujarat.
The loan marks BoB's re-entry into the global syndicated market after a year, with MUFG Bank and HSBC acting as lead arrangers.
Impact: This dual move targets the affluent domestic women’s segment while diversifying the bank's international funding sources.
The account offers a unique health benefit: ₹10 lakh cancer care coverage for women aged 18 to 60 years.
Simultaneously, the bank raised a USD 500 million five-year syndicated term loan via its IFSC Banking Unit in GIFT City, Gujarat.
The loan marks BoB's re-entry into the global syndicated market after a year, with MUFG Bank and HSBC acting as lead arrangers.
Impact: This dual move targets the affluent domestic women’s segment while diversifying the bank's international funding sources.
Key Facts / Static GK
Bank of Baroda Founded: 1908
Bank of Baroda HQ: Vadodara, Gujarat
BoB Tagline: India's International Bank
Bank of Baroda HQ: Vadodara, Gujarat
BoB Tagline: India's International Bank
Practice Quiz — 16 March 2026
Q1. Who administered the oath of office to Syed Ata Hasnain as the Governor of Bihar?
Answer: (C) Chief Justice of Patna High Court — As per the Constitution of India, the oath of office to a Governor is administered by the Chief Justice of the High Court of that state. In this case, Chief Justice Sangam Kumar Sahoo of the Patna High Court administered the oath.
Q2. Which Union Ministry was primarily responsible for organizing the 'Purple Fest' at Rashtrapati Bhavan?
Answer: (C) Ministry of Social Justice and Empowerment — The 'Purple Fest' is an initiative focused on Divyangjan (Persons with Disabilities), which falls under the jurisdiction of the Ministry of Social Justice and Empowerment.
Q3. What is the new revised fee for the NHAI FASTag Annual Pass for the financial year 2026-27?
Answer: (C) ₹3,075 — The NHAI has revised the FASTag Annual Pass fee from ₹3,000 to ₹3,075 for the financial year 2026-27, effective April 1, 2026.
Q4. Tuticorin Airport, which was recently renamed Thoothukudi Airport, is located in which Indian state?
Answer: (D) Tamil Nadu — The airport is located in the state of Tamil Nadu. The renaming was approved to reflect the local name of the city, Thoothukudi.
Q5. The festival of 'Chapchar Kut' is associated with which Indian state?
Answer: (C) Mizoram — Chapchar Kut is the most important traditional spring festival of the Mizo people in Mizoram, celebrated after the completion of jhum cultivation tasks.
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